Advocate Group LLC Invests $2.27 Million in Entegris, Inc. (NASDAQ:ENTG)

Advocate Group LLC acquired a new position in Entegris, Inc. (NASDAQ:ENTG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,964 shares of the semiconductor company’s stock, valued at approximately $2,272,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Entegris by 2.4% during the first quarter. BlackRock Inc. now owns 16,294,681 shares of the semiconductor company’s stock worth $1,336,327,000 after purchasing an additional 386,767 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Entegris by 0.8% during the third quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company’s stock worth $1,357,271,000 after purchasing an additional 107,989 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Entegris by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,672,981 shares of the semiconductor company’s stock worth $700,041,000 after purchasing an additional 748,491 shares in the last quarter. Sands Capital Management LLC grew its position in shares of Entegris by 6.1% during the second quarter. Sands Capital Management LLC now owns 9,329,123 shares of the semiconductor company’s stock worth $1,033,853,000 after purchasing an additional 536,532 shares in the last quarter. Finally, WCM Investment Management LLC grew its position in shares of Entegris by 1.0% during the third quarter. WCM Investment Management LLC now owns 5,150,914 shares of the semiconductor company’s stock worth $483,722,000 after purchasing an additional 53,011 shares in the last quarter.

Entegris Trading Down 0.3 %

Shares of NASDAQ:ENTG traded down $0.45 during trading on Friday, hitting $140.54. The company had a trading volume of 895,387 shares, compared to its average volume of 1,500,411. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of 118.10 and a beta of 1.32. Entegris, Inc. has a one year low of $69.37 and a one year high of $146.91. The company has a fifty day simple moving average of $132.09 and a two-hundred day simple moving average of $112.53. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. As a group, equities analysts forecast that Entegris, Inc. will post 3.31 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Tuesday, January 30th. Entegris’s payout ratio is 33.61%.

Analyst Ratings Changes

Several analysts recently issued reports on ENTG shares. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Thursday, February 15th. Citigroup increased their target price on Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. UBS Group increased their target price on Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. BMO Capital Markets raised their price target on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Mizuho restated a “neutral” rating and set a $140.00 price target on shares of Entegris in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Entegris has an average rating of “Moderate Buy” and an average price target of $141.64.

Insider Activity

In related news, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock valued at $5,606,849 in the last ninety days. Insiders own 0.67% of the company’s stock.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).